Can I really just sell huge amounts through Coinbase?

[WhiteOutMashups]

Coinbase gives us a $100,000 limit PER WEEK

Can I REALLY just sell that much without causing any issues?

I know I have to pay (15%?) capital gains since I'm American, which I have no problem with.

So Coinbase just reports it to the IRS and then I fill out my capital gains 15% with TurboTax in April, and everything is OK?

I would hate for some random FBI thing to come in and freeze lots of my money or anything annoying like that, which I have heard about happening.

I will be contacting my bank and making sure everything is OK, as well as tax attorneys in my state and CPA's and try to make sure I'm doing everything right.

Are there any advisors or Crypto people with legal experience I can work with to make sure the Feds dont get mad?

I'm just a lucky one who got into Crypto early, no terrorist funding or money laundering here.

Please help with any advise.

ANY REALLY HELPFUL ADVISE WOULD BE GRANTED SOME CRYPTO AS WELL THANKS!

[Ishiro]

Yes

[WhiteOutMashups]

great thanks for all the detailed guidance, here's $5k crypto

[HeRetiK]

Yes

*slow clap*

I will be contacting my bank and making sure everything is OK, as well as tax attorneys in my state and CPA's and try to make sure I'm doing everything right.

Your bank and the feds are the only ones you need to worry about, so as long as you get in touch with your bank and tax attorneys you should be fine. There's not much else you can do anyways.

Coinbase themselves probably won't care much about the size of your transactions, as long as you have taken care of the required verification steps and your bank account data checks out.

[Samarkand]

...
Coinbase themselves probably won't care much about the size of your transactions, as long as you have taken care of the required verification steps and your bank account data checks out.

They might not care about the size of the transactions, but they definitely care about the origin of the funds.
E.g. if you want to sell 40 BTC they won´t have a problem if you acquired them legally and can prove it.
If you deposit from a gambling site or a Bitcoin mixer, you are pretty much guaranteed to encounter problems.

[jseverson]

They might not care about the size of the transactions, but they definitely care about the origin of the funds.
E.g. if you want to sell 40 BTC they won´t have a problem if you acquired them legally and can prove it.

Does Coinbase itself care? All I know is that they're required to flag and report transactions of certain amounts, and then it'll be the feds' job to determine the origin.

Then again, Coinbase probably wouldn't want to buy tainted coins. Can they refuse sell orders if they somehow determine that the source is unclean?

[Olegnar]

I don't think that Coinbase will make a fuss over 100k. It's in their interest to process as many transactions as they can.
It's all about business.

[darkangel11]

They might not care about the size of the transactions, but they definitely care about the origin of the funds.
E.g. if you want to sell 40 BTC they won´t have a problem if you acquired them legally and can prove it.

Does Coinbase itself care? All I know is that they're required to flag and report transactions of certain amounts, and then it'll be the feds' job to determine the origin.

Then again, Coinbase probably wouldn't want to buy tainted coins. Can they refuse sell orders if they somehow determine that the source is unclean?

Are there even tainted coins? First time that I heard about this project was also the last. There was no consensus about tainting coins and it's so easy to put them through a mixer that coinbase won't even try to identify the coins. They just don't have the time and resources to deal with it. It's the job for the feds.
That's of course unless you're dumb enough to hack another exchange and then send the coins directly to coinbase.

To answer OP's question, the 100k limit is there on purpose. If they were to say no to certain amounts they would've made the limit lower.

[jseverson]

Are there even tainted coins?

Well, the concept exists, at least:

https://bravenewcoin.com/news/the-bitcoin-big-bang-tracking-tainted-bitcoins/

...so I wouldn't be surprised if exchanges are availing of blockchain analysis services to filter them out. I've never heard of such a specific case happening, but we know authorities have the means of tracking criminal activity through the blockchain.

I found this, but I have no idea if it's legitimate:

https://steemit.com/bitcoin/@gtacx/don-t-use-coinbase-coinbase-are-coin-nazis